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for structural entitlement reform. i think there are a lot of people including senator bob corker this past weekend and others who have come to embrace that view. i think that it makes a lot of sense for republicans partly because i think if we do wind up going over the fiscal cliff as they say, it's psychologically likely to have a big impact. >> are you getting sources to tell you that's what's in the offers? great philosophy, but on paper? >> the thing is that mechanically would be the easiest thing to do. the trouble is if you do not take that approach, one thing we've heard, for example, is that president obama might embrace a tax rate lower than 39.6%. 37%, 36%, 38%. but if you do that, then actually republicans will have to put their stamp on such a deal, whereas if they actually just allow that part to expire, then they're saying you know what, we did our part but we didn't actually embrace that increase, which to me makes sense. >> let me throw out the speaker. he made comments earlier today. since they came in so late we want to play what he had to say about the latest rounds of o
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